rentals

Graphene Investments SAS fully exited its stake in United Rentals (URI 0.09%) in Q3 2025, selling approximately 4,100 shares for an estimated $3.09 million for the period ended 2025-09-30, according to its October 7, 2025, SEC filing.

What happened

According to a filing with the United States Securities and Exchange Commission (SEC) dated October 7, 2025, Graphene Investments SAS sold out its entire holding in United Rentals during the third quarter. The firm’s liquidation involved approximately 4,100 shares as of 2025-09-30, with the estimated transaction value totaling $3.09 million based on average prices for the period.

What else to know

Graphene Investments SAS fully liquidated its United Rentals position, which previously made up 2.0% of reported assets; it now represents 0% of 13F AUM.

Top holdings after the filing:

• GOOGL: $9.36 million (5.9% of AUM) as of 2025-09-30
• AAPL: $7.49 million (4.7% of AUM) as of 2025-09-30
• MSFT: $6.53 million (4.1% of AUM) as of 2025-09-30
• NVDA: $6.49 million (4.1% of AUM) as of 2025-09-30
• AVGO: $5.67 million (3.6% of AUM) as of 2025-09-30

As of October 6, 2025, shares of United Rentals were priced at $987.34, up 23.07% over the past year, outperforming the S&P 500 by 7.95 percentage points over the past year.

Company Overview

Company Snapshot

United Rentals:

• Offers equipment rentals, including general construction, industrial equipment, specialty trench safety, power, HVAC, fluid solutions, and mobile storage products.
• Generates revenue primarily through rental fees, equipment sales, and value-added services such as maintenance and parts distribution.
• Serves construction and industrial companies, infrastructure contractors, municipalities, utilities, and government entities across North America, Europe, Australia, and New Zealand.
• Operates a network of 1,360 locations, employing approximately 27,900 people.

The company’s scale and diversified fleet enable it to serve a broad customer base across multiple end markets, supporting both large-scale infrastructure projects and day-to-day industrial needs.

Foolish take

While it may seem jarring that Graphene Investments liquidated its position in United Rentals — a stock it had held for years — it is worth noting that the stock was up 75% in the last six months alone.

Following the run, United Rentals’ price-to-earnings (P/E) ratio of 26 was near 10-year highs, and well above its average of 15 over the same time.

For some institutions, it may make sense to part ways with a stock once it reaches these higher valuations.

However, from a longer-term Foolish perspective, I think there is still a lot to like about United Rentals — but you might not want to go “all-in” at today’s price.

A serial acquirer with a long track record of success, the stock has delivered total returns of nearly 6,900% since its debut in 1997. This far outpaces the S&P 500’s returns of 1,040% over the same time.

In addition to its spending on M&A, United Rentals started paying a dividend in 2023 and has already raised its payments twice. It currently yields 0.7%, but only uses 18% of the company’s net income, giving it plenty of room for future increases.

The company has also rewarded shareholders with hefty share repurchases that have lowered United Rentals’ share count by 4% annually over the last decade.

Growing revenue and net income by 19% and 24% annually over the last decade, United Rentals should be on investors’ radars, even with its lofty valuation.

Glossary

13F AUM: The total market value of assets reported by institutional investment managers in their quarterly SEC Form 13F filings.
Liquidation: The process of selling all holdings in a particular asset or position, reducing the stake to zero.
Position: The amount of a particular security or asset held by an investor or fund.
Stake: The ownership interest or number of shares an investor holds in a company.
Filing: An official document submitted to a regulatory agency, such as the SEC, disclosing financial or investment information.
Outperforming: Achieving a higher return or better performance compared to a benchmark or index.
End markets: The industries or customer segments that ultimately use a company’s products or services.
Trench safety: Specialized equipment and services designed to protect workers in excavations and trenches.
HVAC: Heating, ventilation, and air conditioning systems used for climate control in buildings and industrial settings.
Value-added services: Additional offerings beyond core products, such as maintenance or parts distribution, that enhance customer value.
TTM: The 12-month period ending with the most recent quarterly report.

Airbnb, the reigning king of short-term rental booking, is expanding its offering with the introduction of Services as part of a holistic and massive new rebrand

Airbnb wants to be the single site for all your beauty, wellness and food whims – and not just while you travel. Ahead of summer, the company has launched a suite of new features and services that manages to be both ambitious and suspiciously familiar.

Airbnb CEO, Brian Chesky, has a bold idea to make the term ‘Airbnb’ synonymous with more than just booking accommodation. In fact, the company’s new plans seek to effectively change the modern lexicon in favour of making ‘Airbnb’ the all-encompassing verb for sourcing convenient and reliable services.

In May 2025, the company launched new features, including Airbnb Services, Airbnb Experiences, and a new app to make conducive to connecting with other users and decentring short-rental booking.

READ MORE: Passes founder dethrones Taylor Swift as youngest self-made woman billionaire

While Airbnb Experiences is nothing particularly new, Airbnb Services is new territory for the company as it looks to expand its influence. Airbnb is looking to match the services offered by hotels – like room service, fully stocked gyms and in-house spas – by allowing users to book those services through their platform.

Airbnb has launched Services with 10 categories in 260 cities, with new offerings and locations dropping regularly in the app. You can now ‘Airbnb’ in-home meals from professional chefs or a massage from certified therapists.

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A major part of the brand shift for Airbnb is decoupling its experiences and services from travel abroad. To that end, users will be able to book Services in their own city, without needing to schedule a trip or accommodation first.

The company says its Services hosts have been “vetted for quality through an evaluation of expertise and reputation”. Services hosts reportedly have an average of 10 years of experience and have completed Airbnb’s identity verification process. To cement its reputation for top-tier services, all hosts are also required to submit relevant licenses and certifications.

There’s quite a bit more to Chesky’s ambitious plans for the future of the company, including new social and messaging features and advanced user profiles that function “almost like a passport”, as reported by Wired.

In a recent profile with the publication, Chesky said: “I’m 43 and at a crossroads, where I can either be almost done or just getting started. There’s a scenario where I’m basically done. Airbnb is very profitable. We’ve kind of, mostly, nailed vacation rentals. But we can do more.”

The bold rebrand dropped amidst a major crackdown of Airbnbs in Spain which saw the removal of nearly 65,000 holiday listings from the platform.

Just days after the company announced its new suite of services, it was revealed around 65,935 Airbnb properties would be delisted for breaking strict regulation rules such as not including their licence number, failing to specify whether the owner was an individual or a company, or because their listed numbers did not match official records.